News

  • Frank Coles quits Wallem January 15, 2021
    Frank Coles revealed to staff today he has resigned as the CEO of Wallem Group, just over two years since he was appointed to the role at one of Hong Kong’s best known maritime brands. Coles, who replaced Simon Doughty in October 2018, is understood to be keen to return to Florida and to establish […]
  • Ship demo rates close in on the $500 mark for the first time since 2014 January 15, 2021
    Ship demo rates are roaring ahead with the $500 per ldt mark on course to be broached for the first time since November 2014. A busy start to the year, led principally by eager Bangladeshi yards, has seen prices jump above $450 per ldt with many owners now actively rethinking recycling plans to take advantage […]
  • More crew change complications emerge as virus mutates January 15, 2021
    Crew changes are once more becoming difficult as much of the world locks down again following the emergence of several new and more transmissible variants of Covid-19, crew specialist Danica has warned. With travel corridors being closed and new travel restrictions imposed, airlines are once again cancelling or reducing flights which poses a problem for […]
  • Fire hits Vale’s Ponta da Madeira terminal January 15, 2021
    Brazilian miner Vale has informed that an incident occurred on one of its ship loaders at the Ponta da Madeira Maritime Terminal, in São Luís, Maranhão in northeast Brazil. The fire brigade were activated and the fire contained without any victims or environmental damage, according to the company. Vale said the terminal continues to operate and […]
  • Tufton Oceanic swoops for its second vessel this week January 15, 2021
    Tufton Oceanic Assets has announced the acquisition of a containership for $7m, taking its fleet to 21 vessels in total. The company did not reveal the size or age of the vessel, only saying it was fitted with a scrubber. The vessel comes with a floating rate time charter of at least three years to […]
  • Carboflotta sells LPG tanker to Hartmann and now eyes newbuilds January 15, 2021
    Genoa-based shipping company Carboflotta, lead by the Telesio and Filippi families, has told Splash that it has sold 2003-built LPG tanker which has been circulating for sale on the market for more than one year. The price is $14.45m and the buyer is German shipping company Chemgas Schiffahrts, part of Hartmann group. Enrico Filippi, chairman […]
  • Taicang Container Lines places order for feeder boxship trio at Tsuneishi Zhoushan January 15, 2021
    Taicang Container Lines, the shipping unit of Taicang Port, has entered into shipbuilding contracts with Tsuneishi Zhoushan Shipbuilding for the construction of three 1,091 teu boxships. The vessels will be used for feeder shipping services between China and Japan, and deliveries are scheduled in 2022. Taicang Container Lines currently operates shipping services between China, Japan […]
  • Ship repair gets the Airbnb treatment January 15, 2021
    Newport Shipping has unveiled an online portal designed to ease the complexities of ship repair and retrofit works. Digitalisation is making its mark in the shipping sector, with many bespoke online tools now being utilised daily to operate and manage the world’s merchant vessel fleet. Arguably however, the ship repair and retrofit sector has lagged […]
Courtesy Asia Shipping Media Pte Ltd in Singapore - Splash 247